The White House says President Obama is determined to protect our nation against cyber threats, reports CNBC's Eamon Javers; and Rep. Mike Rogers (R-MI), offers insight on the CISPA cyber bill, and just how serious the problem is.

Monetary policies must not be directed at devaluing currencies, the Group of Seven nations said in a statement aimed at cooling growing international tensions over exchange rates and prompting yen to surge.

Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil.

Asia's financial capital Hong Kong retained its top spot as the world's most expensive city to rent a high-end apartment as robust demand on the island, a popular destination for employees looking to relocate overseas, and constrained supply, kept prices elevated.

The world's top economic policymakers are likely to discuss how Japan's new monetary and fiscal policy drive is weakening the yen when they meet next month, but will stop well short of calling it a competitive devaluation, G20 officials said.

Kirill Dmitriev, chief executive officer of RDIF, says Russia is one of the few countries in the world that can deliver growth, and joining the World Trade Organization (WTO) has made it more competitive.

Investors worldwide continue to be skeptical towards Russia, confounded by whether real reforms will bring structural changes. During the World Economic Forum, the Russian delegation has been trying to reassure investors in order to reverse capital outflows that have reached more than $350 billion since 2007.